BUZZ-Varonis shares soar after Proofpoint agrees to $6.3 billion acquisition

October 16 - ** Varonis Systems (VRNS.O) shares rose 2.4% in pre-market trading to $48.50

** Proofpoint, reportedly controlled by private equity firm Thoma Bravo, will acquire the data security company in an all-cash deal worth $6.3 billion (link)

** The offer values VRNS at $49.75 per share—a 52% premium over the closing price on June 22, the day before rumors of a possible sale surfaced

** The deal is expected to be completed in the first half of 2027

** Of the 22 brokerages, 9 rate the stock a "Buy" or higher, while 13 recommend "Hold"; the median price target is $50

** As of the previous trading day's close, the stock has risen 44.3% so far this year

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